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Sharp decline in energy prices

Producer price indices in French industry

FRENCH MARKET: -1.0 % in May

In May, French producer prices in industry fell significantly (-1.0 %), following a period of stable prices in April. This fall was mainly attributable to a sharp decline in prices for refined petroleum products combined with a seasonal drop in energy prices (electricity and heating oil).

Prices for refined petroleum products fell significantly

Prices for refined petroleum products moved down significantly (-5.3 %), after a slight reduction in April (–1.3 %). Price for Brent crude sourced from the North Sea continued to drop, with the fall being less significant in euro terms (-4.9 % in May, following -2.5 %) than in dollar terms (-7.6 % in May, following -3.1 %) due to the depreciation of the euro. All prices for refined products declined sharply (-4.7 % for heating oil, -7.9 % for unleaded premium gas).

Prices for electricity, gas, steam and air conditioning fell by -3.1 % due to a seasonal drop in prices for electricity and heating oil.

Food prices were stable...

Food prices were stable (+0.1 %, following +0.2 % in April). Meat prices, most notably chicken, rose slightly (+0.6 %), while prices for dairy products moved down (–1.5 %).

...while prices for electronic and computer products moved down

Prices for electronic and computer products fell (–1.2 %) in May. Prices for electronic components and boards declined (-3.9 %) in a context of lower sales.

FOREIGN MARKETS: - 0.6 % in May

Producer prices of French industrial products sold on foreign markets fell in May (–0.6 %, following -0.2 % in April). Prices for refined petroleum products declined (–7.5 %), while electricity prices fell in a seasonal context following the winter tariffs.

ALL MARKETS: -0.9 % in May

In all markets, producer prices of French industrial products fell by -0.9 % Year-over-year, the rise was +1.7 % only for the "total industry", +9.1 % for "coke and refined petroleum products".

Import prices indices of industrial products : -1.2 % in May

In May, prices for imported industrial products continued to drop (-1.2 %, following -0.3 % in April). The decline in prices for crude oil and refined petroleum products was sharper than in April, while food prices fell (-0.3 %) in a seasonal context (-2.1 % for meat prices) and prices for metal products moved down (-0.8 %).

Total Industry price indices

Total Industry price indices

Producer price indices of manufactured products sold on the french market

Producer price indices of manufactured products sold on the french market

Import price indices of manufactured products

Import price indices of manufactured products
French Producer Price Indices in industry according to the market where the products are sold:
base and reference year: 2005
Change in %
Levels A 10 and A 17 in CPF rev. 2, 2008 Weight May 12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 118.0 –1.0 2.2
(DE) Mining and quarrying, energy, water 130 132.4 –3.1 4.3
CZ: Manufactured prod. 870 115.9 –0.7 1.8
(C1) Food products, beverages, tobacco 188 112.1 0.1 1.9
(C2) Coke and refined petroleum products 70 166.6 –5.3 8.7
(C3) Electrical & electronic equip., computers, mach. 92 111.4 –0.2 1.7
(C4) Transport equipment 79 106.3 0.1 1.4
(C5) Other man. products 441 112.1 –0.1 0.3
Foreign markets
BE:TOTAL INDUSTRY 1000 108.2 –0.6 0.7
CZ: Manufactured prod. s 107.8 –0.2 1.1
(C1) Food products, beverages, tobacco 82 118.0 0.3 1.2
(C2) Coke and refined petroleum products 25 228.5 –7.5 11.0
(C3) Electrical & electronic equip., computers, mach. 202 96.5 0.0 –0.3
(C4) Transport equipment 211 100.9 0.1 1.1
(C5) Other man. products s 107.7 0.4 0.6
All markets
BE:TOTAL INDUSTRY 1000 114.9 –0.9 1.7
CZ: Manufactured prod. s 113.1 –0.5 1.6
(C1) Food products, beverages, tobacco 154 113.1 0.1 1.8
(C2) Coke and refined petroleum products 56 175.2 –5.7 9.1
(C3) Electrical & electronic equip.. computers. mach. 127 103.8 –0.1 0.8
(C4) Transport equipment 121 103.3 0.1 1.2
(C5) Other man. products s 110.7 0.1 0.4
Import prices of industrial products
base and reference year: 2005
r: updated ; nd: non available ; s : confidential
Change en %
Levels A 10 and A 17 of nomenclature CPF rev. 2. 2008 Weight May 12 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 120.7 –1.2 2.8
CZ: Manufactured prod. s 110.5 –0.5 1.4
(C1) Food products. beverages. tobacco 69 127.4 –0.3 1.9
(C2) Coke and refined petroleum products 41 167.3 –5.7 8.9
(C3) Electrical & electronic equip.. computers. mach. 210 94.0 0.1 0.5
(C4) Transport equipment 133 100.7 0.0 –0.8
(C5) Other manufactured products s 113.3 –0.1 1.4
Revision of each index at total industry level
Revision of the monthly change (in %)
(1) Reading note: the evolution of the index between Mar.12 and Apr.12 published last month was equal to -0.1 %. It is updated to –0.2 %; that is to say a revision of -0.1 %.
Feb.12 / Jan.12 Mar.12 / Feb.12 Apr.12 / Mar.12
French producer prices in industry sold on:
- the French market // // //
- the foreign markets // +0.1 -0.1(1)
- all markets // // –0.1
Import prices of industrial products –0.1 +0.1 –0.1

Informations Rapides

n° 163 - June 29, 2012

Industrial Producer and Import Price Indices - May 2012

Next issue June 28, 2013 08:45 - May 2013

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